08-07-2013 Trading Journal

$INO continued to plummet even before market open. I put an order to sell the rest of my position at the market after open and got filled in the low $2.xx. It was a good thing I sold 80% of my position yesterday morning; otherwise, I would have given back a big chunk of my gain.

After liquidating my $INO position, I added to $ONVO and $BIOD. Unfortunately, neither one of them performed well and I got stopped out of position I added. I used the opening range lower band to help me set the stop.

I also added to $PACB using a stair-step method during the day to build my position up. I was planning to scale-down but the strong price would not give me that luxury.

I also placed a limit buy on $ECTY at $1.45 and got filled. I’m still not done building my position and will continue to add when opportunity comes.

I bought starter position on $NUGT using a hard stop below previous pivot low to play the “catch the falling knife” trade.

I also bought $CCJ with a hard stop as well. Same play as $NUGT.

$ATRS is looking strong and I believe people are coming back to trade this one for positive expectation of the coming trial result that is due next month.